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☆ Bitcoin plunged 28%. Institutional investors bought the dip
▼ + stars: | 2024-08-09 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Up to this point, wealth management businesses have only facilitated trades if customers specifically requested exposure to these new spot crypto funds. Of Morgan Stanley's $1.5 trillion in assets under management, the bank disclosed in a May 13F filing that it held around $270 million in spot bitcoin ETFs. The expectation is that other wirehouses and asset managers, who have been on the sidelines performing in-house due diligence on spot crypto ETFs, might feel the pressure to soon follow Morgan Stanley's lead. The spot ether ETFs, which launched less than three weeks ago, have seen relatively tepid flows compared to the blockbuster launch of spot bitcoin ETFs in January. The bitcoin funds collectively hold $54.30 billion in assets under management, versus $7.25 billion across the spot ether funds.

Persons: Morgan Stanley, Morgan, Morgan Stanley's Organizations: BlackRock, Fidelity Locations: bitcoin, Japan, lockstep

☆ An options strategy that will win during a market comeback, while withstanding more volatility
▼ + stars: | 2024-08-09 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The massive resurgence in volatility (as measured by the Cboe Volatility Index - VIX ) has revealed market vulnerability coupled with significant uncertainty. With the VIX hitting a multi-year high of 65 this week, elevated options premiums offer higher risk/reward scenarios. .VIX YTD mountain Cboe Volatility Index, YTD The VIX, also known as Wall Street's "fear gauge", vaulted above 60 earlier this week, the highest since pandemic induced volatility back in March 2020. In the event you disagree with my bullish view, feel free to take the other side of this trade. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Lehman Organizations: Lehman Brothers, CNBC, NBC UNIVERSAL

☆ Why Ibiza is having a fashion moment once again
▼ + stars: | 2024-08-09 | by ( Suyin Hayes | ) edition.cnn.com time to read: +8 min

CNN —There are two rather different perceptions of the Balearic island of Ibiza near Spain. “Today, (Ibizan style) still persists and is absolutely recognizable anywhere in the world.”Fashion brand Reformation dedicated their latest summer collection to Ibiza. ReformationAs well as on-island boutiques such as Annie’s Ibiza and Vicente Ganesha, Ibiza style is celebrated by Loewe’s creative director Jonathan Anderson, who grew up vacationing in Ibiza, and since 2017, has spearheaded a high end collaboration between the luxury house and another legendary local institution Paula’s boutique. “When the pandemic happened, there was a chance to reframe what Ibiza was about: slow travel, wellness and mindfulness,” Fonner said. “I don’t really think (Ibiza) has gained popularity in recent years; I believe it has always been popular artistically,” she said.

Persons: Gala Mora, Freddie Mercury, Grace Jones, Bob Marley, ” Mora, ”, Vicente Ganesha, Jonathan Anderson, Shane Fonner, ” Fonner, ‘, Assouline, biennal, Sergio Sancho, Oriol, Oriol Maspons Sancho, Sancho, “, Irene de Andres, Mora Organizations: CNN, “, L.E.R, Enric, Contemporary Art Museum Locations: Balearic, Ibiza, Spain, North America, Bohemia, Agrotourism, Spanish, Madrid

CNN —A video that surfaced online appears to show bodies on burnt-out Russian military trucks in the country’s southwestern Kursk region, the latest sign that Ukraine’s cross-border assault is probing more deeply and inflicting significant damage on Moscow’s troops. Rybar, one of the more prominent Russian military blogs, published a roundup of developments Friday that said the front lines have “somewhat stabilized” with the arrival of Russian reinforcements. Rybar cited local residents of Vtoroye Knyazhino, a settlement on the outskirts of Sudzha, as saying Ukrainian infantry entered their village. US officials say they do not believe Ukraine intends to hold Russian territory for the long term. Russian authorities help residents during evacuation efforts at a railway station in Oryol, Kursk region, August 9, 2024.

Persons: Archangel Spetsnaza, Dnevnik Desantnika, Cherkasskoe, Russkoe, Rybar, Pilipey, Volodymyr Zelensky, ”, Vladimir Putin, “, Kursk –, ” Artamonov, Reuters Russia ‘, Ukraine Mykhailo Podolyak, Zelensky, Podolyak, Peter Stanno, Ukraine “, Matthew Miller Organizations: CNN, Russian, CNN –, Malaya Loknya, Getty, Ukraine’s, Russia’s, Ministry, Russian Emergencies Ministry, Reuters, European Union, Ukraine, US State Department Locations: Kursk, Oktyabrskoye, Rylsk, Russian, Kyiv, Korenevo, Sudzha, Malaya, Vtoroye, Ukrainian, Kostyantynivka, Donetsk, AFP, Moscow, Kostiantynivka, Ukraine, Russia, Belgorod, Ukraine’s Kharkiv, –, Lipetsk –, Lipetsk, Bryansk, Voronezh, Orel, Crimea, Oryol, Handout, Reuters Russia

☆ Markets saw a massive shift this week. Here’s what happened
▼ + stars: | 2024-08-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —After a prolonged period of calm, financial markets went into a tailspin this week. One trigger for the selloff was the unraveling of the Japanese yen carry trade. Some investors say there could be more volatility to come, particularly since it’s unclear how much more the yen carry trade could unwind. The carry trade is “enormous. The unwinding of the carry trade and weak labor data came at a delicate time rife with uncertainty for Wall Street.

Persons: Wharton, Jeremy Siegel, Siegel, ”, Steve Sosnick, Joe Biden, Donald Trump, Dow, Liz Young Thomas Organizations: New, New York CNN, Nikkei, Dow, Nasdaq, Bank of Japan, Companies, Federal Reserve, Investors, CNBC, Interactive Brokers, Markets, Republican, Home Depot, Walmart Locations: New York, Israel, Ukraine, Russia

☆ The Olympics have been a coronation for USWNT’s Naomi Girma and her defensive work
▼ + stars: | 2024-08-09 | by ( Meg Linehan | ) www.nytimes.com time to read: +7 min

PARIS — Last summer, Naomi Girma introduced herself to the world at the 2023 Women’s World Cup in Australia and New Zealand. She was the only field player to play every minute of last summer’s World Cup, too. — Sydney Leroux (@sydneyleroux) August 7, 2024Girma has deflected jokes about being named Secretary of Defense and questions about last year’s World Cup exit. “Last year, a lot of us were transitioning in, and now we’ve been on the national team,” Girma said in Lyon. Born a year after the 1999 World Cup, Girma has been following in the footsteps of quiet center-back leaders from Carla Overbeck to Becky Sauerbrunn, while forging her path.

Persons: Naomi Girma, Girma’s, —, They’re, “, I’ve, Emma Hayes, Hayes, Girma, “ She’s, Sophia Smith, Smith, ” Naomi Girma, Sydney Leroux, @sydneyleroux, ” Girma, “ We’ve, it’s, Carla Overbeck, Becky Sauerbrunn, Megan Rapinoe, ” Rapinoe, She’s, Daniela Porcelli, Mallory Swanson, Trinity Rodman, Jeff Rueter, Rodman, Swanson, Sauerbrunn, Alyssa Naeher, Becky, Lindsey Horan, It’s, Katie Meyer, San Diego —, ” Naeher, she’s, ” Rodman, “ It’s, John Todd, Dan Goldfarb Organizations: PARIS, Paris, Germany, Stanford, Defense, Getty, Ethiopian, Golden Boot Academy, San Diego Wave, Brazil Locations: Australia, New Zealand, France, ” U.S, Lyon, Tokyo, Girma, San Diego, Paris

☆ Why Jay Powell refuses to be bullied by Wall Street
▼ + stars: | 2024-08-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The whole episode underscored a fundamental tension between the Fed, which is focused on economic stability, and Wall Street, which is focused on profit. The message from Powell and other policymakers is clear: We won’t be strong-armed by Wall Street. The BOJ’s deputy governor, Shinichi Uchida, citing volatility in financial markets, said the bank would not raise its policy interest rate as long as markets remain unstable. Powell (formerly in finance, hazel eyes, great ties) appears to have a real opportunity to Volcker it up even more in the coming weeks. That gives Wall Street plenty of time to sit in the corner and deal with its feelings.

Persons: CNN Business ’, Summer, Tim Walz’s, Jerome Hayden Powell, Here’s, Powell, ”, Powell’s, It’s, Paul Volcker fanboy, Shinichi Uchida, Mohamed El, “, Volcker, quieting, Powell isn’t Organizations: CNN Business, New York CNN, Finance, Federal, Stock, CNBC, Wall, Bank of Japan, Bloomberg Locations: New York, FiDi, Powell, Japan

☆ Nikkei 225: Japan stock market rally fades as fears of US economic slowdown, yen volatility return
▼ + stars: | 2024-08-08 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Meanwhile, the yen strengthened 0.6% to 146 against the US dollar, after losing nearly 2% on Tuesday and Wednesday combined. But those fears, as well as a further jump in the value of the yen, are still haunting the market. The volatility in the yen, which was at the heart of recent market turmoil, remains elevated, he added. On Monday, the Nikkei plummeted by the most since 1987, sparking a broader global market sell-off. The narrowing of the interest rate differentials, which had enabled the yen carry trade, could push the yen higher, Kuptiskevich added.

Persons: Hong Kong CNN —, Germany’s DAX, Shinichi Uchida, Uchida, ”, Stephen Innes, Alex Kuptsikevich, Masamichi Adachi, Innes, Taiwan’s Taiex, Hang Organizations: Hong Kong CNN, Nikkei, CAC, Nasdaq, Bank of Japan, Federal Reserve, FxPro, Federal, Fed, UBS, UBS Chief Investment, Kospi, Hang Seng Locations: Hong Kong, Europe, Japan, unwind

☆ JPMorgan's Jamie Dimon thinks people overreact too much about market fluctuations
▼ + stars: | 2024-08-08 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Meanwhile, the Federal Reserve is eyeing a potential interest rate cut in September. JPMorgan CEO Jamie Dimon thinks those two events aren't as significant as many think. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: Jamie Dimon, —, CNBC's Organizations: Federal, JPMorgan, Service, Federal Reserve, Bank of, Business

☆ How you can capture the joy of watching the Olympics in your daily life: 'There is celebration everywhere'
▼ + stars: | 2024-08-07 | by ( Jade Thomas | ) www.cnbc.com time to read: +5 min

(Photo by Richard Heathcote/Getty Images)If you're watching the Paris Olympics and catch yourself smiling and cheering for athletes you don't know competing in events you've never heard of, you're definitely not alone. This interest in the Olympics — and the joy it brings — are felt globally, but especially in the country at the heart of the games, France. Here's why you might feel so happy watching the Olympics and how you can find that joy after the closing ceremony. The number of athlete backstories we learn are multiplied at the Olympics, which makes us that much more invested. That might look like watching the same show or reading a book together, or even more hands-on tasks like gardening, says Lyubomirsky.

Persons: Richard Heathcote, you've, Jason Kelce's Ilona Maher, Daniel Wann, Sonja Lyubomirsky, Wann, backstories, Guy, Yusuf Dikeç, Ilona Maher, Lyubomirsky, Jonathan Haidt Organizations: Olympic Games, Stade de France, Getty, Paris Olympics, Olympics, Murray State University, UC Riverside, Team U.S.A Locations: Paris, France, Tokyo

☆ Bangladesh protesters expect interim government to be finalized on Wednesday
▼ + stars: | 2024-08-07 | by ( ) www.cnbc.com time to read: +2 min

Bangladesh's protest leaders said they expect members of an interim government, led by Nobel laureate Muhammad Yunus, to be finalized on Wednesday after Prime Minister Sheikh Hasina quit and fled to India following a violent crackdown on a student-led uprising. "It is critical that trust in government be restored quickly," Yunus, 84, told the Financial Times on Wednesday, saying he was not seeking an elected role or appointment beyond the interim period. His spokesperson said he is expected to return to Dhaka on Thursday after a medical procedure in Paris. "We need calm, we need a road map to new elections and we need to get to work to prepare for new leadership," Yunus told the newspaper. "In the coming days, I will talk with all of the relevant parties about how we can work together to rebuild Bangladesh and how they can help."

Persons: Muhammad Yunus, Charles de Gaulle, Sheikh Hasina, Nobel, Yunus, Hasina's Organizations: French, Financial Times, Bangladesh Bank Locations: Roissy, Paris, Bangladesh, India, Dhaka

The crisis could also have implications for neighboring India, which is seen as having long supported Hasina and where she fled Monday. He did not say how long Hasina would be in India or what she planned to do next. Though the protests began over a controversial quota system for highly coveted government jobs, they soon morphed into broader calls for justice for those killed as well as Hasina’s resignation. On Monday, the State Department said the U.S. stands with the people of Bangladesh and urged all parties to refrain from further violence as an interim government is formed. “Too many lives have been lost over the course of the past several weeks, and we urge calm and restraint in the days ahead,” spokesperson Matthew Miller said at a news briefing in Washington.

Persons: Islam, Yunus, ” Yunus, Bangladesh’s, ”, Chietigj Bajpaee, Bangladesh doesn’t, Hasina, Subrahmanyam Jaishankar, Matthew Miller Organizations: NBC, Yunus Centre, South, Chatham House, State Department Locations: Dhaka, South Asia, London, Washington, Bangladesh, China, Beijing, India, United States, U.S

☆ USWNT 1 Germany 0: Sophia Smith’s goal earns U.S. spot in first Olympic gold medal match since 2012
▼ + stars: | 2024-08-06 | by ( Jeff Rueter | Steph Yang | ) www.nytimes.com time to read: +10 min

The Olympic sendoff friendlies seemed to clue at an early theory: park the bus, play defense-first soccer and frustrate the United States until you find a chance to try an attack. Although having Coffey back from suspension helped toward that end, the United States was still thin in central areas. Berger and Naeher were both instrumental in keeping the score 0-0 throughout regulation, Berger moreso given the United States’ stronger attacking presence. Tournament Naeher is a different beast from any other level of her play. The United States heads to its first Olympic women’s gold medal match since the 2012 London Games.

Persons: Sophia Smith, Smith, Trinity Rodman, Mallory Swanson, ” Smith, “, Mal, Emma Hayes, Tierna Davidson, Sam Coffey, Davidson, Emily Sonnett, Rose Lavelle, Lynn Williams, Alyssa Naeher’s, ” Jeff Rueter, Steph Yang, Ann, Katrin Berger’s stolid, Berger, Swanson, Rodman, Williams, you’d, Naomi Girma, Becky Sauerbrunn, Naomi Girma’s, Girma, shouldn’t, —, Jeff Rueter, Hayes, we’ve, Hayes ’ USWNT, Costa Rica wasn’t, Lindsey Horan, Coffey, hasn’t, they’ll, Naeher, Laura Freigang’s, it’s, she’s, Alyssa Naeher, Gv5tkEhLP0 — CJ, John Todd, Getty Organizations: U.S, women’s, Olympic, NBC, ”, Japan, Germany, United Locations: Germany, U.S, Swanson, Lyon, United States, Hayes ’, Mexico, Costa Rica, Spain, Brazil, States

☆ Sleep alone can't cure burnout. Here are the 7 types of rest you need to feel refreshed.
▼ + stars: | 2024-08-06 | by ( Nandini Maharaj | ) www.businessinsider.com time to read: +7 min

These are physical, mental, sensory, emotional, social, creative, and spiritual rest. AdvertisementUnless you address the root causes of burnout, you're unlikely to find relief in short-term solutions. How to build the 7 types of rest into your dayThe seven types of rest are physical, mental, sensory, emotional, social, creative, and spiritual. 4) Emotional restAdvertisementPracticing emotional rest builds resilience by encouraging you to process your feelings and develop safe outlets to express them. The purpose of social rest is to replenish your social energy by surrounding yourself with supportive individuals.

Persons: —, Sanam, Saundra Dalton, Smith, Hafeez, Lienna Wilson, Wilson, Nandini Maharaj Organizations: Service, Business, Energy

☆ Road tripping through Russia: American woman shares challenges of solo trip from Georgia to Mongolia
▼ + stars: | 2024-08-05 | by ( Essay Breanna Wilson | ) edition.cnn.com time to read: +13 min

And I’d be doing it solo, an American female, in a vintage Land Cruiser that was anything but inconspicuous. Planning a 7,000-kilometer road tripRussian visa in hand, it was time to start route planning, make my final vehicle preparations, and pack. With a car my size, bearing Georgian plates, driven by an American who doesn’t speak any Russian, I was increasingly nervous. An American girl, traveling alone, saying she’s moving to Mongolia, driving a car with Georgian plates. I had a summer of overlanding and adventuring across Mongolia, and a new life in Ulaanbaatar, to get underway.

Persons: Breanna Wilson, Andrey Orekhov, Evan Gershkovich, Russia – Organizations: Mongolia CNN, Cruiser, US State Department, Google, Astana, Russia, Toyota Top Motors Locations: Ulaanbaatar, Mongolia, Tbilisi , Georgia, Azerbaijan, Kazakhstan, Russia, Ukraine, American, Russian, Tbilisi, Tbllisi, Georgia, Georgian, Kazbegi, Chechnya, Dagestan, Mariupol, Donetsk, Baku, Alat, Europe, Japan, Kuryk, Altai, Bayan, Ölgii, Astana, Semey, Soviet Union, Russia's, Siberia, –, Tsagaannuur, Mongolia’s, @breannajwilson

Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Such escalation could also jeopardize efforts to reach a ceasefire in Gaza and release hostages, despite recent progress in negotiations. Israeli Defense Minister Yoav Gallant and US Secretary of Defense Lloyd Austin discussed comprehensive security strategies to protect Israel, according to a statement on Monday. Israel was considering its options to prepare for a regional attack over the weekend. The country braces for war in its own way and tends to pick up after itself.

Persons: Ayatollah Ali Khamenei, Ismail Haniyeh, ”, Israel, Israel hasn’t, “, Yoav Gallant, Defense Lloyd Austin, Michael Kurilla, Kurilla, Ayman Safadi, Badr Abdelatti, Ali Bagheri Kani, ‘, Masoud Pezeshkian, Safadi, Nasser Kanaani, Fu’ad Shukr, Majdal Shams, Hassan Nasrallah, Benjamin Netanyahu, ” “, ” Netanyahu, Ali Bagheri, Netanyahu, Gallant, Daniel Hagari, Lebanon scrambledto, floaties, Samer Othman, Jalaa Marey, Othman, Liz Nicholas, David Adom, Be’er, Ivana Reiser, Zeev Jabotinsky, Naama, ” Be’er, ” Baer, Reiser, Roy Dror, Ron Heckmann, they’re, Dror, ” Heckmann, Uri Shacham, Shacham Organizations: Jerusalem CNN —, Iran’s, Islamic Revolutionary Guard Corps, Saturday, US, Israeli, Defense, US Central Command, Jordanian, Egypt’s, Zionist, Israel, Iran, Sunday, Getty Images Israel, Hezbollah, CNN, Mount, Mount Herzl Military, Getty, MDA Locations: Beirut, Tel Aviv, Jerusalem, Israel, Iran, Tehran, Lebanon, Gaza, United States, Syria, Majdal, Golan, ”, AFP, Cairo, Lebanese, Beirut’s, Mount Herzl, London, Nahariyah

Progressive groups have trained their criticisms on Mr. Shapiro and Mr. Kelly, who they accuse of being too conservative on key issues. The debate grew heated during a discussion about whether using the phrase “Genocide Josh” to describe Mr. Shapiro, who is an observant Jew, was antisemitic. One of his advisers called the Harris campaign to object to Mr. Shapiro, a development that was first reported by Politico. Manuel Bonder, a spokesman for Mr. Shapiro, declined to comment on the vice-presidential selection process. Mr. Walz and Mr. Beshear are set to appear at dueling, simultaneous fund-raisers to benefit Ms. Harris on Monday evening.

Persons: Kamala Harris’s, Josh Shapiro, — Mr, Shapiro, Mark Kelly of Arizona, Tim Walz, Minnesota —, Harris, Kevin Munoz, Kelly, Shawn Fain, Mark Kelly of, Harris’s, Kenny Holston, Josh ”, Walz, Billy Wimsatt, ”, “ Tim Walz, John Fetterman of, Manuel Bonder, Kriston Jae Bethel, Joe Scarborough, Doran Schrantz, Wimsatt, Caroline Yang, Pete Buttigieg, ” Mr, “, Kelly’s, Jacob Peters, Andy Beshear, Beshear, Rachel Mummey, . Walz, Christina Morales, Corinne Boyer Organizations: Gov, Pennsylvania, United Automobile Workers, CBS, New York Times, Democratic, Democracy Alliance, Voter, Muslim, The New York Times, Politico, Minnesota PAC, Navy, NASA, Iowa Democratic Party, Mr Locations: Washington, Philadelphia, Mark Kelly of Arizona, Mexico, Gaza, John Fetterman of Pennsylvania, Pennsylvania, Minnesota, New Hampshire, Silicon Valley, Kentucky, Frankfort, Ky, Minneapolis, Chicago, Jenkintown, Pa

☆ Advice: When the Stock Market Drops, Stay Calm and Do Nothing
▼ + stars: | 2024-08-05 | by ( Ron Lieber | More About Ron Lieber | ) www.nytimes.com time to read: 1 min

The markets are in turmoil, but you know what you’re supposed to do now, right? Let’s all take a deep breath, tie our hands behind our backs and say it together: We will not sell stocks in a panic. Many of the people who are trading today are professional investors of various sorts. Here’s a dirty little secret about, say, hedge funds: All of their trading in reaction to world events doesn’t lead most of them to do better than sticking their money in an index fund that tracks the stock market. Remember, much of the money you have in the stock market is probably for retirement anyhow.

Persons: It’s Organizations: Mutual

(This is CNBC Pro's live coverage of Monday's Wall Street chatter as global markets sell off. — Lisa Kailai Han 7:02 a.m.: How long sell-offs typically last Bad news: The current market sell-off may have further to go. — Lisa Kailai Han 6:09 a.m.: Oppenheimer's Stoltzfus: Best to not 'jump to conclusions' Investors need to have a cool head as global markets sell off, according to Oppenheimer's John Stoltzfus. — Fred Imbert 5:51 a.m.: Global markets in an 'aggressive risk-unwind', Vital Knowledge says Fears of a U.S. recession are pressuring global markets, leading investors around the world to sell some of this year's top winners, according to Adam Crisafulli of Vital Knowledge. "Markets are caught in an aggressive risk-unwind as equities plunge around the world, with tech getting hit particularly hard," he wrote in a note Monday.

Persons: Wharton's Siegel, Jeremy Siegel, CNBC's, Siegel, hasn't, it's, … They're, —, Lisa Kailai Han, Tom Lee, Lee, Duncan Toms, Toms, Fred Imbert, Victoria Greene, Greene, It's, Nimrit Kang, — Lisa Kailai Han, Dan Ives, Gene Goldman, Gennadiy Goldberg, Ives, Goldman, Goldberg, Oppenheimer's John Stoltzfus, Evercore, Ed Hyman, Hyman, Adam Crisafulli, Crisafulli Organizations: CNBC, Stock, Nikkei, Dow Jones Industrial, Nasdaq, Wharton, Federal Reserve, Fundstrat Global, HSBC, G Squared, Wealth, NorthStar Asset Management, Street, Wedbush, TD Securities, Federal, NASDAQ, U.S, Fed, Global Locations: U.S, Europe, Japan, China

Hong Kong/London CNN —Japanese shares soared Tuesday, clawing back some of their record losses from the previous day and underpinning a tentative recovery on global markets. Markets around the world plunged during Monday’s session when a combination of fears about a slowing US economy, rising Japanese interest rates and crumbling tech stocks combined to trigger a meltdown. The bounce in Japan is “typical after a market crash,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. “It is too early to conclude that the Japanese stock market has hit a bottom,” they said, adding that any recovery would likely only occur after Japanese companies report first-half earnings in October, or even after the US presidential election in November. A stronger yenJapan’s stock market, in particular, was hard-hit by the rapid appreciation of the yen, which undermines the export competitiveness of the country’s manufacturers.

Persons: clawing, Kospi, ” Neil Newman, ”, “, Stephen Innes, ” Newman, Newman, Fumio Kishida Organizations: London CNN, Nikkei, Nasdaq, Advisory, CNN, UBS Chief Investment, Moody’s, Bank of Japan, Management, Tokyo “, Traders, Reuters Locations: Hong Kong, London, Asia, South, Taiwan, Europe, Japan, Tokyo, South Korea

☆ Why the stock market is freaking out again
▼ + stars: | 2024-08-05 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

The Dow tumbled more than 1,000 points at the open, and the broader market plunged 3% Monday. The Nasdaq, full of risky tech stocks, dropped 3.7%. Although that’s not in and of itself an unhealthy unemployment rate, its sudden march higher is alarming: Last year, the unemployment rate was at its lowest level since the moon landing. Traders are beginning to unwind big trades on Apple, Nvidia, Microsoft, Meta, Amazon, Alphabet and other tech stocks that had been surging since the beginning of last year. Monday’s rout, if it ends at current levels, wouldn’t even crack the top 100 worst days in market history.

Persons: Dow, that’s, Goldman Sachs, That’s, Jeremy Siegel, “, ”, Siegel, Stocks, it’ll, Warren Buffett, Berkshire Hathaway Organizations: CNN, Nasdaq, Nikkei, Federal Reserve, of Labor Statistics, Citigroup, JPMorgan, CNBC, Traders, Apple, Nvidia, Microsoft, Meta, Berkshire Locations: Wall

☆ A couple's counselor has been married for 52 years. These are her top relationship secrets.
▼ + stars: | 2024-08-05 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

Now, at 72 and 73, the couple — who work together as relationship counselors — has 52 years of marriage behind them. This story is available exclusively to Business Insider subscribers. "We called it our 'power struggle phase,'" she told Business Insider. She said her bond with her husband strengthened after he told her about his strained relationship with his mother. Do you have an interesting story about your relationship that you'd like to share with Business Insider?

Persons: —, Barbara Grossman, Michael Grossman, Dr, Grossman, Michael, togetherness Grossman Organizations: Service, Business

☆ The crowds are full and raucous at the Paris Olympics. Outside the events? Not so much.
▼ + stars: | 2024-08-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +2 min

PARIS — For athletes and audiences, these have been the Olympics when raucous crowds have roared once again following years of lockdown restrictions. But outside the din of the stadiums, it’s impossible to ignore that Paris is relatively quiet. “Last year, we were completely full inside and out,” said Bérangère Drogue, 38, who works at bistro L’Elephant Du Nil, in the trendy Marais neighborhood. “It’s like night and day.”Berangere Drogue, a waiter at L'Elephant Du Nil, in Paris on Thursday. “I have never seen Paris like this,” said Jugurta Chabane, 28, his black suit and tie matching his dark vehicle.

Persons: Mona Lisa ”, ”, Bérangère Drogue, … ”, ” Berangere, Du, Rafael Yaghobzadeh, Jugurta Chabane, Leonardo da Organizations: PARIS, Olympic Committee, NBC News . Taxi, NBC News, Olympic, Eiffel, Louvre Museum Locations: Paris, Marais

☆ Republicans for Harris launches, aiming for Biden-like appeal to anti-Trump voters
▼ + stars: | 2024-08-04 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +7 min

Weatherford had just started gearing up with the Republicans for Biden effort in June when the race took a turn. Bill Weld (the 2016 Libertarian nominee for vice president who then challenged Trump in the 2020 Republican primary), former New Jersey Gov. Harris aides have quickly announced changes to many of her previous more liberal positions. A print production specialist at a print shop in Tucson, Arizona, cuts a run of yard signs in support of Vice President Kamala Harris' presidential campaign on July 25, 2024. “We want Republicans talking to Republicans,” Weatherford said, “because we think that’s the best way to make it work.”

Persons: Biden, Harris, Joe Biden’s, Kamala Harris, Donald Trump, Trump, Biden spiraled, Nikki Haley, ”, Austin Weatherford, Adam Kinzinger of, Weatherford, “, Bill Weld, Christie Todd Whitman, Kinzinger, Denver Riggelman, Joe Walsh, Stephanie Grisham, Claudine Schneider, ” Schneider, creaked, Rebecca Noble, Reuters “ Harris, ” Weatherford, Schneider, Republicans “, Abraham Lincoln, Teddy Roosevelt, Ronald Reagan, hadn’t, Gov, Geoff Duncan, Harris didn’t, George W, Bush, Mike Pence, Biden’s, ” Pence, Pence, MAGA Organizations: CNN, Democratic, Republicans, Trump, Biden, GOP, Republican, Massachusetts Gov, New, New Jersey Gov, Virginia Rep, Denver, Illinois, Former Rhode Island, Green New, Reuters, Democrats, Senate, Republican Party, Weatherford Locations: San Francisco, Adam Kinzinger of Illinois, Arizona , Pennsylvania, North Carolina, Massachusetts, New Jersey, Colorado, Tucson , Arizona, Georgia, Atlanta, Milwaukee

☆ Here are 4 things we're watching closely in the stock market this week
▼ + stars: | 2024-08-04 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks had a rough week, topped off with a pummeling Friday after the July jobs data came in weaker than expected. Until then, bad economic news was good news for the stock market, because it meant the Federal Reserve would start cutting interest rates sooner. On Thursday, a drop in U.S. manufacturing activity for July and a jump in initial jobless claims dragged down the market. Next week is light on economic data, so expect earnings reports and CEO commentaries to drive the market action. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

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